Applicable Distribution Rate definition

Applicable Distribution Rate means 9% per annum.
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Applicable Distribution Rate means 8% per annum.
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Applicable Distribution Rate means the Fixed Distribution Rate or the Floating Distribution Rate, as applicable.
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Examples of Applicable Distribution Rate in a sentence

  • If the Preferred Base Amount or the Compounded Return is reduced by any redemption or repurchase of a Class P Unit pursuant to Section 4 or Section 5 or pursuant to an RP Election (collectively, “Prior Preferred Redemptions”) made between Distribution Payment Dates, from such date of payment the Preferred Return shall accrue at the Applicable Distribution Rate on the basis of such reduced sum of the Preferred Base Amount and Compounded Return.

  • The Applicable Distribution Rate shall be pro rated for the actual number of days in any partial quarter.

  • The Applicable Distribution Rate shall be pro rated and computed on the basis of a 360-day year of twelve 30-day months for any partial quarter.

  • With respect to any Preferred Share then issued and outstanding, the "Applicable Distribution Rate" per fiscal quarter shall be equal to the greater of (i) the product of the Regular Quarterly Distribution (as defined in Section 4(d)) payable for the applicable quarter per Common Share and the Conversion Ratio (as defined in Section 7(a)) and (ii) $.525.

  • At all times, the interest rate payable on the Debentures pursuant to Section 4.01(c) of the Indenture shall equal the Applicable Distribution Rate.

  • With respect to any ---------------------------- Preferred Share then issued and outstanding, the "Applicable Distribution Rate" per fiscal quarter shall be equal to the greater of (i) the product of the Regular Quarterly Distribution (as defined in Section 4(d)) payable for the applicable quarter per Common Share and the Conversion Ratio (as defined in Section 7(a)) and (ii) $.525.

  • The Applicable Distribution Rate will be set for the first monthly distribution following the Scheduled Maturity Date of the Junior Subordinated Debt Securities on September 15, 2047, and the applicable Distribution Rate for each monthly Distribution after the first monthly distribution, will be determined on the “LIBOR Determination Date” (each such date, an “Interest Reset Date”).

  • Subject to Section 9, and in addition to any ------- other distributions expressly provided for herein, the Trust shall pay in cash, when, as and if authorized by the Board, out of funds legally available therefor as provided by the laws governing real estate investment trusts in Maryland (the "Legally Available Funds"), distributions at the quarterly rate equal to the Applicable Distribution Rate (as defined below) per issued and outstanding Preferred Share, per calendar quarter.

  • Subject to Section 9, and in addition to any other distributions expressly provided for herein, the Trust shall pay in cash, when, as and if authorized by the Board, out of funds legally available therefor as provided by the laws governing real estate investment trusts in Maryland (the "Legally Available Funds"), distributions at the quarterly rate equal to the Applicable Distribution Rate (as defined below) per issued and outstanding Preferred Share, per calendar quarter.

  • The Applicable Distribution Rate will be set for the first monthly distribution following the Scheduled Maturity Date of the ICONs on May 25, 2047, and the applicable Distribution Rate for each monthly Distribution after the first monthly distribution, will be determined on the “LIBOR Determination Date” (each such date, an “Interest Reset Date”).


More Definitions of Applicable Distribution Rate

Applicable Distribution Rate means (i) 7.875% in the absence of a Distribution Default, a Covenant Default or a REIT Default, (ii) 9.50% for so long as a Distribution Default or a Covenant Default (each in the absence of a REIT Default) has occurred and is continuing, (iii) 12.15% for so long as a REIT Default has occurred and is continuing and (iv) 14.62% for so long as a REIT Default and either a Distribution Default or Covenant Default (or both) has occurred and is continuing. Upon the cure of any Distribution Default, Covenant Default or REIT Default, the Applicable Distribution Rate shall revert back to the rate set forth in clause (i) above.
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Applicable Distribution Rate means, subject to the immediately following sentence, with respect to each full Distribution Period, an interest rate per annum equal to the product of (x) the sum of (a) LIBOR, determined as of the Determination Date immediately preceding the commencement of such Distribution Period, plus (b) 90 basis points (0.90%) divided by (y) four (4). With respect to any Distribution Period following, and during the continuance of, a failure on the part of the Partnership to redeem any Series G-3 Preferred Unit called for redemption pursuant to Section 2D hereof or noticed or tendered for redemption pursuant to Section 2E hereof, the Applicable Distribution Rate with respect to all Series G-3 Preferred Units shall be an interest rate per annum equal to the product of (x) the sum of (a) LIBOR, determined as of the Determination Date immediately preceding the commencement of such Distribution Period, plus (b) 240 basis points (2.40%) divided by (y) four (4). For the initial Distribution Period, or any other period shorter or longer than a full Distribution Period, the Applicable Distribution Rate shall be computed on the basis of twelve 30-day months and a 360-day year.
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Applicable Distribution Rate means the greater of (i) the Prime Rate plus 250 basis points (2 -½ %) and (ii) 6% per annum.
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Applicable Distribution Rate has the meaning specified in Section 7.2.
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Related to Applicable Distribution Rate

  • REMIC I Available Distribution Amount For each Loan Group for any Distribution Date, the sum of the following amounts with respect to the Mortgage Loans in such Loan Group:

  • Available Distribution Amount As to any Distribution Date and, with respect to any Mortgage Pool comprised of two or more Loan Groups, each Loan Group, an amount equal to (a) the sum of (i) the amount relating to the Mortgage Loans on deposit in the Custodial Account as of the close of business on the immediately preceding Determination Date, including any Subsequent Recoveries, and amounts deposited in the Custodial Account in connection with the substitution of Qualified Substitute Mortgage Loans, (ii) the amount of any Advance made on the immediately preceding Certificate Account Deposit Date, (iii) any amount deposited in the Certificate Account on the related Certificate Account Deposit Date pursuant to the second paragraph of Section 3.12(a), (iv) any amount deposited in the Certificate Account pursuant to Section 4.07, (v) any amount that the Master Servicer is not permitted to withdraw from the Custodial Account or the Certificate Account pursuant to Section 3.16(e), (vi) any amount received by the Trustee pursuant to the Surety Bond in respect of such Distribution Date and (vii) the proceeds of any Pledged Assets received by the Master Servicer, reduced by (b) the sum as of the close of business on the immediately preceding Determination Date of (w) aggregate Foreclosure Profits, (x) the Amount Held for Future Distribution, and (y) amounts permitted to be withdrawn by the Master Servicer from the Custodial Account in respect of the Mortgage Loans pursuant to clauses (ii)-(x), inclusive, of Section 3.10(a). Such amount shall be determined separately for each Loan Group. Additionally, with respect to any Mortgage Pool that is comprised of two or more Loan Groups, if on any Distribution Date Compensating Interest provided pursuant to this Section 3.16(e) is less than Prepayment Interest Shortfalls incurred on the Mortgage Loans in connection with Principal Prepayments in Full and Curtailments made in the prior calendar month, such Compensating Interest shall be allocated on such Distribution Date to the Available Distribution Amount for each Loan Group on a pro rata basis in accordance with the respective amounts of such Prepayment Interest Shortfalls incurred on the Mortgage Loans in such Loan Group in respect of such Distribution Date.

  • REMIC III Available Distribution Amount For any Distribution Date, the amount distributed from REMIC II to REMIC III on such Distribution Date in respect of the REMIC II Regular Interests.

  • REMIC II Available Distribution Amount For any Distribution Date, the amount distributed from REMIC I to REMIC II on such Distribution Date in respect of the REMIC I Regular Interests.

  • Accrual Distribution Amount As to any Distribution Date prior to the applicable Accretion Termination Date and any Class of Accrual Certificates, an amount equal to the sum of (i) the Class A Interest Percentage of such Class of Accrual Certificates of the Current Class A Interest Distribution Amount and (ii) the Class A Interest Shortfall Percentage of such Class of Accrual Certificates of the amount distributed in respect of the Classes of Class A Certificates pursuant to Paragraph second of Section 4.01(a)(i) on such Distribution Date. As to any Distribution Date on or after the applicable Accretion Termination Date, zero.

  • Distribution Rate means, for the Distribution Period beginning on (and including) the date of original issuance and ending on (but excluding) the Distribution Payment Date in June 2004, the rate per annum of 3.90%, and for each Distribution Period beginning on or after the Distribution Payment Date in June 2004, the Coupon Rate for such Distribution Period.

  • Series A Distribution Rate means 6.375%.

  • REMIC I Distribution Amount For any Distribution Date, the REMIC I Available Distribution Amount shall be distributed to the REMIC I Regular Interests and the Class R-1 Residual Interest in the following amounts and priority:

  • Total Distribution Amount With respect to any Distribution Date, the sum of (i) the aggregate of the Interest Remittance Amounts for such date; (ii) the aggregate of the Principal Remittance Amounts for such date; and (iii) all Prepayment Premiums collected during the related Prepayment Period.

  • REMIC IV Distribution Amount shall not cause a reduction in the Class Principal Balances of any of the Classes of REMIC IV Regular Interests; and

  • REMIC III Distribution Amount The REMIC III Available Distribution Amount for any Distribution Date shall be distributed to the Certificates and the Class R-3 Residual Interest in the following amounts and priority:

  • Prepayment Distribution Percentage With respect to any Distribution Date and each Class of Subordinate Certificates, under the applicable circumstances set forth below, the respective percentages set forth below:

  • Class B-5 Distribution Amount As to any Distribution Date, any amount distributable to the Holders of the Class B-5 Certificates pursuant to Paragraphs seventeenth, eighteenth, and nineteenth of Section 4.01(a).

  • Class C Distribution Amount With respect to any Distribution Date, the sum of (i) the Current Interest for the Class C Interest for such Distribution Date, (ii) any Overcollateralization Release Amount for such Distribution Date and (iii) without duplication, any Subsequent Recoveries not distributed to the Class A, Class M and Class B Certificates on such Distribution Date; provided, however, that, on any Distribution Date after the Distribution Date on which the Certificate Principal Balances of the Class A, Class M and Class B Certificates have been reduced to zero, the Class C Distribution Amount shall include the Overcollateralization Amount.

  • REMIC II Distribution Amount shall not cause a reduction in the Class Principal Balances of any of the REMIC II Regular Interests; and

  • Class B Distribution Amount Any of the Class B-1, Class B-2, Class B-3, Class B-4, Class B-5 or Class B-6 Distribution Amounts.

  • Class B-2 Distribution Amount As to any Distribution Date, any amount distributable to the Holders of the Class B-2 Certificates pursuant to Paragraphs eighth, ninth and tenth of Section 4.01(a).

  • Class A-4 Final Distribution Date means the April 2027 Distribution Date.

  • Periodic Distribution Date means the first Business Day that is as soon as reasonably practicable occurring approximately ninety (90) days after the immediately preceding Periodic Distribution Date.

  • Class B-6 Distribution Amount As to any Distribution Date, any amount distributable to the Holders of the Class B-6 Certificates pursuant to Paragraphs twentieth, twenty-first and twenty-second of Section 4.01(a).

  • Class C Distributable Amount As defined in the Preliminary Statement.

  • Class B-4 Distribution Amount As to any Distribution Date, any amount distributable to the Holders of the Class B-4 Certificates pursuant to Paragraphs fourteenth, fifteenth, and sixteenth of Section 4.01(a).

  • Class A-2 Final Distribution Date has the meaning set forth in the Sale and Servicing Agreement.

  • Pool Distribution Amount As of any Distribution Date, the funds eligible for distribution to the Holders of the Certificates on such Distribution Date, which shall be the sum of (i) all previously undistributed payments or other receipts on account of principal and interest on or in respect of the Mortgage Loans (including, without limitation, the proceeds of any repurchase of a Mortgage Loan by the Seller and any Substitution Principal Amount) received by the Master Servicer with respect to the applicable Remittance Date in the month of such Distribution Date and any Unscheduled Principal Receipts received by the Master Servicer on or prior to the Business Day preceding such Distribution Date, (ii) all Periodic Advances made by a Servicer pursuant to the related Servicing Agreement or Periodic Advances made by the Master Servicer or the Trustee pursuant to Section 3.03 and (iii) all other amounts required to be placed in the Certificate Account by the Servicer on or before the applicable Remittance Date or by the Master Servicer or the Trustee on or prior to the Distribution Date, but excluding the following:

  • Class A-3 Final Distribution Date means the July 2029 Distribution Date.

  • Principal Distribution Amount For any Distribution Date, the sum of (i) the Basic Principal Distribution Amount for such Distribution Date and (ii) the Extra Principal Distribution Amount for such Distribution Date.